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Hyflux suspends contract for desalination package in Iran

15 Dec 2018 - 12:56


The Straits Times - Water treatment firm Hyflux has suspended a contract for a plant in Iran - a move that is expected to have a material adverse effect on its financial performance.

The contract was signed in April between a Hyflux unit and Iran's Asia Water Development Engineering Company (AWDEC) for a seawater reverse osmosis desalination package in Bandar Abbas.

In July, the Iran firm indicated - through a letter of intent - for a second contract for the project.


Story Code: 330683

News Link :
https://www.theiranproject.com/en/news/330683/hyflux-suspends-contract-for-desalination-package-in-iran

The Iran Project
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